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: the pope, the economy, the smart phone and a tour of rome when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: we begin this evening with continued analysis of the historic events in rome. all eyes on the vatican. on wednesday evening, jorge berguliglo many saw him as a surprise choice. he's the first jesuit. pope francis is known for humanity and long time service to the poor. he inherits a troubled church much reconciled tradition with a modernizing world. joining me now in rome and new york, monsignor lorenzo al katie and frank bruni and on the phone from rome daniel wakin to talk about what has happened since the selection of the new pope -- why this pope. >> two main reasons. one is significant cardinals really did want to go in a different direction. i think they wanted someone that into of could interject a hint of humanity and solidarity with the poor. a tough administrator. and the other part which is hard to figure out is due to the internal policies of the conclave and the jockeying of different groups
to meet with house democrats. >> economy is trying to give us signs it wants to launch. the president wants to be there to make sure that the 535 elected members in congress. and the individual american people elected to be president of the united states are ready to launch with the economy. >> also today, treasury secretary jack lew talked about the possibility of finding bipartisan compromise. >> i think there is a growing sense that everyone knows where the balance fair deal is. everyone knows we need to get there. they just don't know how to get there. you have to start. >> today, as far as discussions about reinstating some of the white house tours ts in, in the briefing jay carney says there has been discussions about trying to get specific groups in. no decision on that point and no plans to reverse the overall decision to suspend tours for now. >> bret: shannon bream live on the white house lawn. thank you. the dow's run is now in double digits. the industrial average made it ten straight winning days to gain 84 today. closing at another record high. s&p 500 was up 9. the nasd
be a great power. grow rich, but remain a one- party state. >> as the economy continues to thrive, much of the west is locked in uncertainty. what can nation's land from ,ountries like china, mexico and brazil? that is the topic addressed by the dean of new york university in his new book "turnaround." what do you think? this idea there needs to be political freedom in china in order to have economic growth. delimiteral freedom on economic growth? >> places that are free, we see economic growth in both places. democracy has its own fruits. democracy has also sometimes struggled with economic change. both systems can produce austerity. >> are their commonalities in those countries that have had significant economic growth? are the things they have done that have succeeded? >> yes. there are three keys to prosperity. this a plan, clarity, -- discipline, it clarity, and trust. policy,ontext of fiscal they have been able to save for a rainy day. when times are good, you have a cushion when things are not so good. >> this was pointed out in the 2008 crash. or a decade, the west dictating the
is not buying it. and some economists are now saying that there's a shadow economy that could explain why the retail sales are rising despite static credit spending and paychecks. an explanation at last. at it all ahead unless breaking news changes everything. >>> from fox, at 3:00 in new york city, seven u.s. marines are dead and several others hurt after a training exercise in nevada. it happened at hawthorne army depot there last night. the military uses that base to store weapons and train troops. according to military sources, large mortar, like the one you see hour, somehow exploded. officials describe frantic scene. it was 45-minute chopper flight to the nearest trauma center in reno. today the white house says the president is watching the developments. >> the president's thoughts and prayers go to the families of those who were lost and those who are injured. we're obviously in the early stages of assessing the incident. it's a tragedy, clearly, and the president was briefed immediately on -- and made aware of it immediately and briefed on it, and we're monitoring the situation.
the world's second largest economy, after the united states. and it is the second largest foreign holder of u.s. debt, about 7.5% of the total. but the two nations' economic relationship has been marred recently by allegations of widespread cyber-attacks on american targets. >> increasingly, u.s. businesses are speaking out about their serious concerns about sophisticated, targeted theft of confidential business information and proprietary technologies through cyber intrusions emanating from china on an unprecedented scale. >> woodruff: china's foreign minister initially dismissed the allegations, but on tuesday a spokeswoman took a different tone. >> ( translated ): what the internet needs is not war but rules and cooperation. china is willing, on the basis of the principles of mutual respect and mutual trust, to have constructive dialogue and cooperation on this issue with >> woodruff: u.s. officials welcomed that statement, and today, white house press secretary jay carney said president obama telephoned xi to congratulate him on his election. as for the cyber-attack issue... >> i can
in washington. is something going to get done this year, and would a balanced budget hurt the economy? joining me for debate, the republican wlip in the house, kevin mccarthy, and the top democrat on the budget committee, congressman chris van hollen. >> we'll talk about the future of the republican party, and republican governor scott walker of wisconsin will join the conversation. walker of wisconsin will join the conversation. [ kate ] many women may not be absorbing the calcium they take as well as they could because they don't take it with food. switch to citracal maximum plus d. it's the only calcium supplement that can be taken with or without food. my doctor recommends citracal maximum. it's all about absorption. licking the cream off these oreo cookies. that's stupid. you're wasting the best part. shuh, says the man without a helicopter. wait, don't go! [ male announcer ] choose your side at oreo.com. to chart a greener path in the air and in our factories. ♪ to find cleaner, more efficient ways to power flight. ♪ and harness our technology for new energy solutions. [ female annou
this year? and would a balanced budget hurt the economy? joining me kevin mccarthy and the top democrat on the budget committee, maryland congressman chris van hollen. a little later, our round table will be back talking about the future of the republican party, and republican governor scott walker of wisconsin will join the conversation. and let in real people. it smells good. like laundry fresh out of the dryer. a man fresh out of the shower. nailed it. proof. febreze car vent clips keep your car fresh. breathe happy. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or
-- pillars for any move higher and expansion in the economy domestically. housing, financials without a doubt. energy as the third. liz: okay. >> large cap technology for the dividend but those three i think you've got to have exposure sure to with dry powder right now. liz: let me tell the viewers. things working past five months, at least follow that trend for now, correct. >> yes. david: wow! that is amazing we could see doubling of money they made in housing an financials. george, we were talking a little bit about the consumer sector, retail sector specifically. you think it is good time to buy into mickey d's or mcdonald's now? or again, like we talked about apple, should we wait until it comes down? >> you want to buy mcdonald's. you want to buy coca-cola. you want to buy large cap blue chip names. right now mcdonald's is trading under $100 a share and coca-cola is trading at about 38. david: mcdonald's at 100, george, mcdonald's at 100. it seems a little pricey right now at 100. should i wait for it to come down into the 80s for example? >> you could. you could do the same strategy as
economy. we have strong opportunities in the energy sector, for us to see millions of jobs created in america and we need to quit stopping progress on things like the pipeline, the pipeline, we have an opportunity to build that energy economy, technology and science were two areas we're actually the champions in the world on those areas, so if we would allow for us to focus on growing our gdp, growing our economy we'd find ourselves with a strong opportunity to remain the world's super power. >> uma: coming from the chief executive, did it surprise you he would actually go on the record saying that he thought it was basically, we really didn't have a crisis to deal with? >> yeah, i think you hear democrat leaders saying there are spending problems and surprises to every american. what we should focus on as well is not only that we have the crisis from a financial standpoint. how do we solve that problem? and i look at my personal journey and met an entrepreneur who taught me out to make my way out of poverty of being in business and creating jobs. it'd be nice to have some of our f
for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and friends of the newshour. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to yo pbs station froviewers like you thank yo >> woodruff: china officially installed its new leader today. xi jinping took the final step in affirming his status, adding the post of president to his other positions of power. the delegates arriving at beijing's great hall of the people had been carefully selected. and once inside, they did just as expected, formally electing xi jinping as president. ( applause ) he was the only candidate, and won 2,952 votes. a lone delegate voted no, and three abstained. >> ( translated ): it meets the popular expectations, and it meets the expectations of the chinese people and t
according to the local immediate roll gist. the economy is hurting badly. this was a jolt for the economy. or seemed to be. italians react to the man as we think he will? he is of italian heritage, and so many people in argentina have italian roots. 50-60% of the population, i have now read, in argentina with italian linage in one way or another. this is bringing together two worlds. worlds where the papacy resided forever and where the catholic people's numbers are the highest. it's interesting this is the dawn of the new day for the church. they could use the hope and inspiration. >> kimberly: we're going to bring in eric bolling. >> eric: hey, shep. cardinal begala chose the name pope francis. the first francis, not the second or third. the first time. he came out and the first words he spoke very informal. he's said to have lived in a small apartment in argentina where he could have lived in a palace. his informal, humbleness, does it give us insight to what his papalsy will bring? >> those in the know seem to believe it would. pope john paul ii in 1978, his self-deprecating umore led
of the country. high taxation and high debt are holding back the economy and the g.o.p. believes mr. obama is creating a nation at war with itself. the affluent vs. the nonaffluent. over the weekend senator ted cruze of texas, a conservative, delivered a very emotional speech at cpac. >> my father came from cuba. he had been in prison. he had been tortured in cuba. and he came to texas with nothing, with 100 in his underwear. didn't speak a word of english. washed dishes making 50 cents an hour. in someone had came up to that 18-year-old kid avenue as he was washing dishes and suggested to him that 55 years hence his son would be sworn into office as a united states senator representing the great state of texas. [ applause ] that would have been unimaginable. >> now mr. cruze says his dad made it on his own without government assistance. he worked hard and provide for his family and now his son has achieved the american dream. that's the way this country is supposed to work. but president obama himself has a very compelling story to tell. his father abandoned him. he was raised primarily b
the economy is getting better, not great, but slightly better. housing will continue to improve. martin luther may or may not be unveiling a new line of papal colors. and go on streetsigns.com to see me race our producer on lawn tractors. he wins. he's got the weight advantage. >> thanks for watching "street signs" everybody. "closing bell" is next. >>> well, we'll see history made today, one way or the other, whether it's in rome or here in new york city. i'm bill griffeth. welcome to "closing bell." we're here at the new york stock exchange, where it looks like another photo finish if history is to be made in the stock market. we know history's about to be made there in vatican city. right now the dow's up 4.5 points. >> history being made on several fronts. i'm sue herrera. maria bartiromo will be right back tomorrow. and at any moment, we'll find who the new pope is. less than an hour ago, that white smoke billowed high above st. peter's square, signaling the cardinals had chosen the new pontiff. we'll keep these dramatic pictures for you throughout the hour, until we see the new pope, lea
for the sake of balance, my goal is how do we grow the economy, put people back to work? and if we do that we are going to be bringing in more revenue. >> patty murray will unvail the democrats budget plan and the white house says president obama will release his budget the week of april 8th. also today president obama will meet with ceo's from major companies to get their input on how the government and private sector can best work together to improve cyber security. coming up why the director of national intelligence says cyber attacks now pose more of a threat to the u.s. than a terrorist attack. >>> time now 5:07. let's check in with sal. already we are following fog and crashes a busy morning. >> it is busy already. pam, welcome back. the traffic is moving along pretty well if you are driving in many areas. but it's foggy. i can show you the east shore freeway. if you look at the screen you can see is cars moving through. very thick fog. when you two to the toll plaza just a little bit away you can see fog here. not a lot of traffic yet. but mark and i will be the fog brothers this morni
. he has an economic ph.d. as he inherits a slower growing economy, he'll face pressure to tackle china's widening wealth gap. eunice yoon joins us now with more. there were 2940 yes votes, six who abstained and three who voted no. >> yeah. an overwhelming majority of the people decided to vote him in. but at the same time, most people had expected that he would have the support of the vast majority of the people. he is really seen as a capable steward of the economy, which is really important because the premier shift is the most important job of the premier is really to manage the economy. he's been credited with helping to really navigate china through a very difficult time through the financial crisis. and also to push through much needed reforms. a lot of people think that he is going to go down with his well with his counterparts overseas. he speaks good english. he's been described as being very informed. but he does have his critics. there are people here who have said that he's too passive, he's indecisive and he hasn't been total lly forgiven for a role h played regarding heal
the economy, put people back to work? and if we do that we are going to be bringing in more revenue. >> patty murray will unvail the democrats budget plan and the white house says president obama will release his budget the week of april 8th. also today president obama will meet with ceo's from major companies to get their input on how the government and private sector can best work together to improve cyber security. coming up why the director of national intelligence says cyber attacks now pose more of a threat to the u.s. than a terrorist attack. >>> time now 5:07. let's check in with sal. already we are following fog and crashes a busy morning. >> it is busy already. pam, welcome back. the traffic is moving along pretty well if you are driving in many areas. but it's foggy. i can show you the east shore freeway. if you look at the screen you can see is cars moving through. very thick fog. when you two to the toll plaza just a little bit away you can see fog here. not a lot of traffic yet. but mark and i will be the fog brothers this morning.
is how do we grow the economy, put people back to work and if we do that, we're going to be bringing in more revenue, if we have controlled spending, and we have smart entitlement package, then potentially what you have is balance -- >> bill: potentially. the president thinks he he can get the federal budget under control. potentially. but listen to this. the democratic budget calls for $1 trillion in tax increases over the next 10 years. how are you going to grow an economy with that? and every working american is going to pay some of those taxes. let me ask you, let me ask you this. are you already not paying taxes through the roof? i am. property tax, sales tax, gas tax, state tax, city of new york tax, federal income tax, and almost everything i do in my leash time, rental cars, hotels, planes, all taxed as well. and the democrats want to add another trillion dollars in taxes? so we're quickly becoming sweden which has the highest tax rate in europe. u.s. corporate tax is already the highest in the world, already. and there is no doubt president obama wants to raise them even fur
a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work. if we do that, we'll be bringing in more revenue. if we've controlled spending and we've got a smart titlement package, then potentially what you have is balance. but it is not ballot backs of the poor, the elderly, the students who need student loans, families who got disabled kids. >> what do you think? how important is a balanced budget in the near term? in the next decade when it comes to the health of the economy? you can weigh in on the "nightline" page. hope you check out gma. more of the president's interview in the morning. see you tomorrow.
is -- we've got two crisises going on. one we are in a job crisis, a slow economy, and how do you address that, austerity and cuts, spending cuts, and raising taxes, and the republicans are right about that raising taxes slows the economy, cutting spending close the economy. we are trying to deal with both of those crisis at the same time. we've got to 3.5 trillion in revenue increases and spending cuts while the economy has continued to sort of grind slowly. i think what we're looking at now, what we're hoping i think, everybody hopes both side can come together on it, again, how do we get to the 4 trillion that bowles-simpson recommended without killing the economy? and i think that's why you get both these sets of facts that are true. both side are actually right about this. now the question is -- and we've avoided killing the economy by trying to address it. jon: everybody a grows that the long-term driver of the problem are the programs like medicaid, social security. so this president doesn't have to run again. why not do something bold and tell americans, you know, if you're under
more revenues or tax increases. do you think they can really handle more given this economy? >> i think we can get rid of the special interest tax loopholes. melissa: are you talking about changing to ordinary income? that $21 billion makes a lot of difference. it may make a difference whether we have a medicaid program that can help meet the needs of the people falling through the cracks, it may mean that additional grants for cancer research. it is still, even in washington a lot of money. i would like to see each of the agencies look at each of their own budgets. i think we can do further inductions that way, that are sensible that allow us to continue investment in the country and, in fact, increase investments where we need to. melissa: you spoke in the beginning about trying to find a common ground between the two plants. >> i certainly accept the need. i think that is very important. it should not, the cost cost of growing jobs, keeping the economic momentum we shall last month going. that should be our top priority. melissa: a lot of the economists say the debt in and of itself
. >>> new report says california's economy will continue to improve with increase business investment and decreasing unemployment numbers. the forecast said it is estimated to grow 2% this year and 3% the following year. in california unemployment is expected to hit 9.6% this year and drop to 8.4 in 2014. >>> report shows retail spending is up despite higher taxes. americans spent at a fast pace in february. experts say the new numbers show people continue to spend even with higher payroll taxes cutting into their take home pay. experts predict a growth for the u.s. economy this year. >>> traders on wall street kept the market's streak going for a 9th day. the dow is up 5 to 14,455. the nasdaq is up 2 at 3,245. the s&p is up 2 to 1,554. >>> a new plan to extend last call has californians and bar managers worried. >> and we had numbers into the low 80s in some neighborhoods. more fog out there now and it will increase tomorrow, that mean as cool down -- means a cool down, how much cooler for your bay area thursday? i will have the details. . >>> we have breaking news right now from in
the past seven weeks. 46 disapprove. numbers worse when it comes to the handling of the economy. 44% back the president. 52% do not. dan lothian joins us from the white house. so the polls certainly can't help the president's cause, especially without republicans. >> it certainly shows there is a lot of frustration out there, a lot of concern for americans when it comes to the president dealing with debt and deficit. we expect republica will shine a big spotlight on that raising some of the same concerns and criticisms and you you heard some of that yesterday from representative paul ryan, the chairman of the house budget committee as he was rolling out his own budget that seeks to balance the budget over the next decade by doing away with a locality of health care reform, by streamlining the federal tax code. but president obama in an interview with abc news, says when it comes to the timeline, it's not what he has in mind. >> my goal is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're go
, we like to see that because it means the economy is doing better. of course, we talk how the federal reserve is playing a role in the rallywell. standing behind the economy and keeping the interest rates low and making sure that we can keep this economy bubbling along. so, every day we're watching this and every day it's going higher, harris. >> so you're sitting at home and not a big time investor. watching your retirement funds, is now a good time to put money in stocks. >> the people we're talking to saying he we could have a retrenchment, 2, 5, maybe more on the big board, the dow stocks and that's an opportunity for people to get back in if we have a pullback, that's what i would wait for. if you've got a long time horizon, be in stocks, you want to make sure you're going to fund your retirement with investments that last over a lifetime, not over 20 minutes or two seconds, like the pros sometimes do, harris. >> gerri willis, thank you very much. libyan authorities reportedly holding a person in custody tonight in connection with the terror attack on the u.s. outpost in benghazi
she said yes before we prosecute bankers we ask for permission. will it help the economy? will it help the bank shareholders? who gives a damn if it hurts the bank shareholders. did they ask you is it going to hurt your family or your shareholders? no there's two separate sets of rules. we'll talk more about that tonight. right now "viewpoint" is next. stay right here. >> john: for the past few days rome has been a gathering of men, mostly in costume but now argentinian cardinal jorge mario bergoglio is now francis 1. i wish he would have kept the named jorge. they tried to use the old electronic voting machines but they had to stop because every time they voted george bush kept winning. that's not true. president obama tried the charm offensive on republicans who were offended by his charm. the only way you can get modern republicans to agree on government spend something to declaring war on the country that never attacked us. today is the birthday of earl gray and adam clayton and j.p. morgan ceo jamie dimon. wouldn't it be great if all of we taxpayers got together and buy him a gift
the bay area economy. >>> one golfer with quite a hole in one. he fell into a sink hole. we have details of how he survived. [ male announcer ] subway introduces the new $3 six-inch select! this march, we're kicking things off with the low fat oven roasted chicken $3 six-inch select. it's available all month long as one of our march featured values, the newest way to enjoy subway every day! subway. eat fresh. >>> welcome back to the ktvu channel 2 morning news. actually a pretty good retail report coming in this morning. but the dow down just about 24 points. the nasdaq and s & p also down a quarter of a percent. >>> time now 6:55. this firey explosion this morning in a louisiana bayou. four people were hurt. a tug boat hit a gas pipeline. that tug boat was pushing an oil barn last night about 30 miles south of new orleans. both of the vessels were engulfed in the flames when the boat hit the pipeline. four people on the tug boat were treated for injuries. one suffered severe burns. >>> back here at home fire repairs on berkeley's famous restaurant may take a lot longer than expected. cr
with the challenges facing our economy. the fact is there are folks on both side of the aisle that talk a good game on the idea of reforming medicare or doing something about social security, nobody wants to own the plan. they want to agree to it reluctantly to a plan brought up by the other side because here's another fact. medicare and social security are universally popular and even in a republican primary getting caught messing around with social security without a reason is bad politics. so any time you hear this from either side, the other side needs to lead, translation i'm not going to put out a plan on medicare or social security. you do it. maybe i'll agree to it. today is the second day of the organizing for action conference here in washington. when you hear what the president told political donors and activists last night, bear in mind he made those remarks after an hour of having his own motives questioned by house republicans repeatedly. from the outset, the president went out of his way to say his aims with ofa are not just political. >> people have been puzzled about what it is tha
-business lawmakers trying to rescind the letter fearing high-build investors who build the economy will flee to lower tax state. >> the game is rigged. yuf want win. we can change the rules on you after the fact. that is not fair. >> ironically for a tax break design to inven insent vise investment, it's reinforcing california antibusiness reputation. jerry brown issued a statement -- we are reviewing the situation to term how best to help the business owners given court's decision." >> ultimately, the legislature can try to fix it but the bill is still on the governor's desk. >> state he affected taxpayers can request a waiver to hope they lamer out a deal. if the reprieve does not come, the tax man will. >> bret: william la jeunesse in los angeles. thank you. >>> the house has begun general debate on the budget on capitol hill. that discussion will continue in to tomorrow. followed by debate on the proposals by republican paul ryan. alternatives. housing start meantime continue to rise. february's numbers where are behind only december's. as the best since 2008. building permit request reached 4-1/
yacht race. how it will effect the bay area economy. >>> one golfer with quite a hole in one. he fell into a sink hole. we have details of how he survived. [ male announcer ] subway introduces the new $3 six-inch select! this march we're kicking things off with the low fat oven roasted chicken $3 six-inch select. it's available all month long as one of our march featured values, the newest way to enjoy subway every day! subway. eat fresh. >>> welcome back to the ktvu channel 2 morning news. actually a pretty good retail report coming in this morning. but the dow down just about 24 points. the nasdaq and s & p also down a quarter of a percent. >>> time now 6:55. this firey explosion this morning in a louisiana bayou. four people were hurt. a tug boat hit a gas pipeline. that tug boat was pushing an oil barn last night about 30 miles south of new orleans. both of the vessels were engulfed in the flames when the boat hit the pipeline. four people on the tug boat were treated for injuries. one suffered severe burns. >>> back here at home fire repa
here is people are buying u.s. based stocks because our economy is improving and getting better and they're selling some of the chinese and foreign names here because china is trying to put the brakes on growth a little bit. that's been down for the last couple of months here. our s&p 500 has been on the upside. it's not just then but emerging stocks in general. that bottom line is the green line. the emerging market index. the major one. there is the s&p 500. s&p is up 9%, emerging market index is down about 3%. people are starting to look more at the united states as the growth part of the world right now. >> exactly. and the data seems to be supporting that. thank you very much. >> in the meantime gold prices. >> close iing. >> it has been a choppy session. in large part by the movements of the dollar. the largest gold etf as well. has seem some reduction in its holdings. that is something that some analysts are saying is due to institutional investors pulling out metals across the board. >> thanks. back to chicago where rick is tracking the action at the cme. first, there is
this moment fragile. >> rose: because of its economy but because oif its inability to have -- >> because of poet. >> -- because of both. >> rose: talk about the politics first. >> you have this political aggregation that have an unexpected success because of the crises of the parties. and -- the five star movement exploited this. and now because there was a division among the existing party, we are the stalemate. but i am not desperate of that because it happen in many occasions, many european counties. i think you have to let the sand departed and to wait the water become clear. and some temporary solution will be found. >> rose: like what? >> like some sort of as we call it, government of the president that say the government who have the majority evaluating case by case, or you know, with some temporary agreement. one of these solution will be found, another to let the situation calm down. >> rose: so here you have, look at this. you have, mr. berlusconi getting 25% of the vote. >> yes. >> rose: a comedy mr. grilo had 20 percent poster of the vote. mr. berlusconi i
when it comes to the economy. listen to this. >> my goal is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're going to be bringing in more revenue. martha: stuart varney, host of "varney & company" on the fox business network. what do you think about that statement? he says you shouldn't just chase a balanced budget just for the sake of being able to say it is balanced? >> i think the president was spelling out his priority and his priority is not balancing the budget for the sake of balancing the budget. his priority is growth by spending more government money. that i think is his priority. and as you said, martha, that is in sharp contrast to paul ryan who is deliberately going after deficits and the debt and wants to balance in ten years. so you've got two very clear sides here. the president says, spending and debt probably sustainable. paul ryan said, no, it is definitely not. martha: is that debt sustainable, stuart? it's growing like wildfire. >> take a look at right now. a
there. the economies there were slow and germany the fifth biggest. great britain at number eight. france the 9th largest. all shrink shrinking in the last quarter. that is not what you want. entire eurozone by the way losing huge number of jobs. a record 19 million are unemployed. martha: deadly storm causing serious problems across the south. areas of alabama got pummeled with large hail. some of it was the size of baseballs. that is an unusual sight. that is what they had there. high winds causing issues in georgia. thousand people waking up without power there. national weather service say the storm destroyed a store and a dozen homes. look at the wreckage on the ground. one man was killed when the wind topple ad tree on to his car. bill: we had whiteout conditions here in new york city last night and a new round of snow making for a tough commute across the northeast. new england could see the worst of it. that region getting hit with several major storms over the winter. it could get up to 20 inches of snow by the time this storm passs? maria molina live in the fox severe we
to be cooling a bit on the president's handling of the economy inch spite of this surge that has sent wall street to record numbers and an improving employment picture. a new washington post abc news poll finds 44% approve of the way the president is handling the economy. that is down from 50% in december. right now 52% disagree. and when it comes to public trust on dealing with the economy the president has only a slight edge over congressional republicans, 44 to 40%. joining us now, juan williams, he is a fox news political analyst as you well know. so what is your thinking about the reason behind the president's slide in the polls on the economy, juan? >> independent voters, jon, who were previously convinced that president obama really had a better handle on the economy than the republicans, and now if you look inside the poll numbers that you just cited, what you see is that independents have gone over the edge and now favor republicans slightly to the president. so i think that this in fact is an evidence of the success of a republican strategy. the republican strategy in the midst o
could be stealing business from american companies, causing more problems for our economy. now, the president and the ceos today will come up with ways to share information and put a stop to the cyber attacks. this comes after the pentagon announced plans yesterday to increase cyber security for the country. we'll dig more into the plans when i see you next hour. live in washington, kyla campbell, ktvu channel 2 news. >>> 7:16. a sex offender will be moving into an east bay neighborhood despite protests from prosecutors. yesterday, a state appeals court approved the conditional release of 69-year-old charles crispman. he will be moving from a state hospital to a cottage on willow pass road in bay point. he sawyered time for a lewd act with a boy. he must wear an ankle monitor. >>> police are asking for the public's help in finding the man responsible for a sexual battery incident at one bay area campus. authorities say the assault happened in the wellness center at city college of san francisco just after noon on saturday. a female student was showering in a locked stall when s
this economy, the obama economy on its way back. happy. are you ready for this? are you ready, dan? a happy friday. ♪ alleluia. ♪ >> bill: friday march 15th. ♪ alleluia. ♪ >> favorite day around the full court press. it seems like this friday was a long time in coming. i don't know. maybe it's because this week -- this was a 5-day work week for me. >> appear 5-day work week >> bill: i didn't get to take a couple of days off this week. great to see you this friday. thank you for joining us here and being part of the full court press as we come to you live on current tv, as we come to you live on your local progressive talk radio station where you happen to be in this great land of ours, whether it's los angeles or chicago or asheville, north carolina or buffalo, new york or any spot in between or -- and how about madison wisconsin? didn't mean to check over that. a lot of great places. also, coming to you live on sirius xm, this hour only. lots to talk about. a lot that you are going to want to comment on. we will give you a lot of different ways to
for our economy. now, the president and the ceos today will come up with ways to share information and put a stop to the cyber attacks. this comes after the pentagon announced plans yesterday to increase cyber security for the country. we'll dig more into the plans when i see you next hour. live in washington, kyla campbell, ktvu channel 2 news. >>> 7:16. a sex offender will be moving into an east bay neighborhood despite protests from prosecutors. yesterday, a state appeals court approved the conditional release of 69-year-old charles crispman. he will be moving from a state hospital to a cottage on willow pass road in bay point. he sawyered time for a lewd act with a boy. he must wear an ankle monitor. >>> police are asking for the public's help in finding the man responsible for a sexual battery incident at one bay area campus. authorities say the assault happened in the wellness center at city college of san francisco just after noon on saturday. a female student was showering in a locked stall when she felt someone grab her from behind. po
secretary jack lew weighs in on the markets and the american economy. his interview just ahead. >>> and the tsa under fire. the growing backlash over knives on planes. what every traveler needs to know. good evening, everyone, and welcome to our public television viewers. suzy, the market beat goes on and on. >> it's like the energizer bunny. it just keeps going and going. the dow marches on higher for the tenth day in a row, the first time since 1997 -- 1996. it ended at 14,539. the nasdaq added 14 and the broader s&p 500 gained almost 9 points, and it's now just 2 points away from its own record high close. >>> there is some concern that the rise in the markets may have been too high too fast. and this could be the start of a market bubble. but newly installed treasury secretary jack lew tells steve liesman not so. >> the analysis i've seen doesn't give me reason to be worried right now. >> we'll have more of steve's interview with the treasury secretary in just a few minutes. >>> as the dow hits unprecedenteded heights and the s&p 500 nears its own peak tantalizingly close t
, in science and research, in education. things that are important to power the economy. our focus has been on jobs first. let's get the economy in full gear. not put the brakes on it. which is what the republicans do. they've gotten austerity budget that according to the nonpartisan congressional budget office, will result in 750,000 fewer jobs bn i end of the year. so we say let's tackle the deficit in a smart way, get people back to work and reduce it over a steady period over a period of time and our comes to balance at the same time that the republicans' budget from last year comes into balance. >> on the issue of revenue, i believe your budget has about $200 billion more in revenue than senator murray's budget in the senate. why did you put that in there considering that republicans are so adverse to any new revenue? >> the budget we have in our democratic proposal. if you take it even together with the revenue from the fiscal cliff agreement, is still less total revenue, luke, than was embedded in the bipartisan simpson-bowles agreement. so we have less revenue proposed by that bipar
moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: a decade after the iraq war began, the violence has not abated. today was the bloodiest day this year, as insurgents staged multiple attacks. a high-level minister was assassinated and dozens more died. a warning: our story contains some graphic images. thick, black smoke rose above the sadr city district in baghdad, where a car bomb went off today, in one of several coordinated attacks to rock the iraqi capital. 65 people were killed and more than 100 wounded. in another instance, an explosion ripped through a popular market near baghdad's fortified green zone. >> there is a checkpoint at the main gate, but it is in vain. they do not s
sanctions ever. it's having a significant effect. >> on the economy? >> there is the president of the united states saying it could take a year for iran to develop a nuclear weapon. let's discuss what is going on. that's the first time i heard the president give such a specific timeline, within a year or so iran could have a nuclear weapon. that sounds pretty ominous. >> it does sound ominous. what it shows you is what a difficult diplomatic challenge the president has. because they're negotiating with iran through the six-party talks which are taking place in kazakhstan and there the united states has made some offers that are, you know, trying to help iran move to a kind of win-win place. now he is managing the other dimension of this which is israel. he is trying to convince the israelis that he is serious, that he sees that there is not an infinite amount of time, and he said later in the interview all options are on the table. when i say all options i mean military force and we have substantial capabilities. so he's trying to manage the iranian clock as well as the israeli clock. >> so
police. >>> the america's cup race is no longer expected to give bay area economy a half billion boost. however that same report shows it will cost the city substantially less to host the big sailing event. >>> this morning the streets of palo alto are clear that is after serving as a backdrop for a television show. they were shooting a pilot for the hbo show culled silicon valley. it features six young people living in palo alto and working to become millionaires. the camera, lights, and cables blocked some traffic. but many say it was exciting to have hollywood come to the area. >> all right. >>> time is 4:48. we have the fog out there. we also have southbound 101 near petaluma as well. sal, how is it look something >> it's doing pretty well but the fog you mentioned is going to be a problem for some because it is pretty thick. let's go outside and show you the traffic. we normally see this wide caning east shore. we are down to a few cars disappearing into the clouds here on 80. that is what the thick fog is doing. it's pretty low visibility in some areas. you might want to allow ex
of balance. my goal is how do we grow the economy. put people back to work and if we do that we're going to be growing the economy. >> paul ryan's plan is to eliminate obama care. >>> sources tell us that our report has persuaded the nfl to consider genetic tests for players. a health and science editor john fowler broke the story last month of a cheek swab test that its innovators say will show bio analysts for brain damage. roger goodell now says the league wants to learn more about those bio markers. thousands of players are suing the league charging they did not do enough to protect players. >>> in europe, a late winter storm shut down travel in several countries. europe's third busiest airport cancelled hundreds of flights and more cancellations are expected tomorrow. >> and in england hundreds of drivers were stranded for up to 10 hours on ice and snow covered highways. in fact, some drivers simply abandoned their cars which just added to all the problems. >> in china the number of dead figs found in a river in shanghai has doubled reaching 6,000. chinese officials say they're tes
is not to chase a balance budget just for the sake of balance. my goal is how do we grow the economy. put people back to work and if we do that we're going to be growing the economy. >> paul ryan's plan is to eliminate obama care. >>> sources tell us that our report has persuaded the nfl to consider genetic tests for players. a health and science editor john fowler broke the story last month of a cheek swab test that its innovators say will show bio analysts for brain damage. roger goodell now says the league wants to learn more about those bio markers. thousands of players are suing the league charging they did not do enough to protect players. >>> in europe, a late winter storm shut down travel in several countries. europe's third busiest airport cancelled hundreds of flights and more cancellations are expected tomorrow. >> and in england hundreds of drivers were stranded for up to 10 hours on ice and snow covered highways. in fact, some drivers simply abandoned their cars which just added to all the problems. >> in china the number of dead figs found in a river in shanghai has doubled reachi
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